Pattern requires break of short blue trendline to confirm.
Soh Tiong Hum
Director of TerraSeeds Market Technician Pte Ltd. Forex Trading Trainer. Tiong Hum believes that looking at price action is the best way to trade. Reminder: [1] Investing and trading activities carry risk that may not be suitable for everyone. It is each individual’s responsibility to evaluate that risk before participation. If in doubt, please visit a financial advisor. While TerraSeeds Market Technician Pte Ltd conducts courses on investing and trading, we are unqualified to evaluate your risk for you. [2] Testimonials and illustrations may be shown from time to time. This testimonials and illustations may come from trainers or students. Their performance is not an indication of your performance. [3] Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
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MACD High Probability Trades
- Dow meets resistance March 4, 2010[…]
- Caterpillar Confluence February 24, 2010A nice set of trendlines have now defined the movement of Caterpillar. It has done a couple of pullbacks and appear ready for a retracement from its rally. Hell - it might be even a reversal. Last night's action completes an evening star pattern. […]
- STI losing momentum January 8, 2010While the Straites Times Index continues its uptrend, the MACD indicator shows decling momentum. MACD or Moving Average Convergence Divergence is a 'momentum indicator'. The MACD itself is plotted based on 2 moving averages. It can be used many ways but one of the way is to look for divergence.What is divergence? When price makes a new high but the […]
- China Green Agriculture base building January 6, 2010Bought into this 2 days ago at the morning star signal.I like the way this stock built 'stairs' for the way up. The stair building represents a sort of consolidation where investors and traders were able to find support in order to do a low risk trade.With global warming set to deliver a terrible blow to global food supplies, this fertilizer stock […]
- Finding STI components a frustrating exercise December 30, 2009In the respect, Yahoo Finance is doing a better job than SGX. It is just almost impossible to find any information at the latter's website. Whereas when I typed in 'STI component' in the Google search engine, the link to Yahoo turns up.http://sg.finance.yahoo.com/q/cp?s=^STI […]
Tweet!
- Many reasons to fade AUDUSD; http://bit.ly/5aUjMn 10 hours ago
- Audusd toppish at 0.9130 cos lots of pivot resistance. Fine tune shorts at m15. See 1234 2010/03/09
- GBPUSD last night a bull trap; nearing potential throwback http://bit.ly/bJhLRz 2010/03/09
- UMPC contest deadline extended till 14 May 2010. 2010/03/08
- 4-hour chart for GBPUSD just posted http://bit.ly/dzCF1h 2010/03/08



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